Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.21/1397
Título: Return premiums of sustainable companies listed on the Spanish stock market
Autor: Alonso Mollar, Eduardo
Fernández Izquierdo, María Angeles
Nieto Soria, Luisa
Palavras-chave: Socially responsible investment
Sustainability premium
Stock market performance
Discriminant analysis
Cluster analysis
Data: Jul-2011
Resumo: The purpose of this paper is to analyze whether companies with a greater commitment to corporate social responsibility (SRI companies) perform differently on the stock market compared to companies that disregard SRI. Over recent years, this relationship has been taken up at both a theoretical and practical level, and has led to extensive scientific research of an empirical nature involving the examination of the relationships existing between the financial and social, environmental and corporate governance performance of a company and the relationship between SRI and investment decisions in the financial market. More specifically, this work provides empirical evidence for the Spanish market as to whether or not belonging to a group of companies the market classes as sustainable results in return premiums that set them apart from companies classed as conventional, and finds no differences in the stock market performance of companies considered to be SRI or conventional.
Peer review: yes
URI: http://hdl.handle.net/10400.21/1397
Aparece nas colecções:ISCAL - Comunicações

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